What happens when the quantity of goods is higher than demand?

The answer is excess supply.
 Excess supply happens when the quantity of goods is higher than demand. In excess supply, the price is above the equilibrium level determined by supply and demand. It is the opposite of excess demand. It can also affect the supply and demand of another market. 
 

The federal reserve took an expansionary approach during the crisis. this was done by expanding the money supply and boosting liquidity. this can be seen in the fed's actions of lending to banks, purchasing securities, and lowering the federal funds rate in order to lower overall interest rates. the fed's goal was to increase consumer spending and overall liquidity within the system, and they pursued this by expanding the supply of liquid money.